🟠Kenyan crypto firms unite in new fight against digital asset tax
Scoop: Kenyan crypto firms plan new fight on asset tax
Topline: Kenyan cryptocurrency companies are teaming up for what could be their last might be their last stand against the country’s controversial 3% digital asset tax (DAT), according to industry sources close to Mariblock. (Details)
The group plans to bring in a global tax advisory firm (like PwC) to support its arguments.
Quick recap: In 2023, Kenya introduced a digital asset tax, scheduled to take effect in September of that year.
- The tax takes a 3% cut directly from income on digital asset transfers or exchanges.
- The tax is particularly harsh because it applies to all transfers regardless…
